Category Archives: Economics

Mansions or Middle Class?

Posted on November 4, 2021 by grim

From the Star Ledger: Your N.J. property tax break would be restored under Biden spending bill New Jersey homeowners would be allowed to deduct the full amount of their property taxes for the next five years under a provision expected … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 245 Comments

Found the inventory!

Posted on November 2, 2021 by grim

From Business Insider: Zillow is reportedly looking to sell 7,000 homes as its homebuying unit hits turbulence Zillow’s homebuying unit is having a rough couple of weeks. The $25 billion property giant spent the past couple of years buying up … Continue reading →

Posted in Economics, National Real Estate, Price Reduced | 133 Comments

Slow but strong

Posted on October 30, 2021 by grim

From NJ Business: NJ Home Sales Cool, Prices Remain Hot for Fall High prices and low inventory have continued to cool sales throughout New Jersey. While New Jersey saw a slight decline in closed sales the past few months, overall … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 139 Comments

Nothing to see here

Posted on October 27, 2021 by grim

From the MPA: Which housing markets have been most vulnerable to COVID? The housing markets in Illinois, New Jersey and Delaware counties are more vulnerable to the impact of the ongoing coronavirus pandemic than elsewhere in the US, according to … Continue reading →

Posted in Demographics, Economics, Foreclosures, National Real Estate | 362 Comments

Hot or Not

Posted on October 25, 2021 by grim

From Bloomberg: Housing Market Shows Cracks With Price Cuts in Pandemic Boomtowns No city exemplifies the mania of the Covid-era U.S. housing market better than Boise, Idaho, where prices have surged by more than 30% in the past year. But … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate | 219 Comments

Sell and Rent

Posted on October 22, 2021 by grim

From the NYT: The Market for Single-Family Rentals Grows as Homeownership Wanes The lawns are manicured. The swimming pools sparkle in the sun. And the homes, all of them turnkey and smelling of fresh paint, are lined up in tidy … Continue reading →

Posted in Economics, National Real Estate | 146 Comments

August home sales dip

Posted on September 23, 2021 by grim

From the WSJ: Hot U.S. Housing Market Cooled Some in August The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago. … Continue reading →

Posted in Economics, National Real Estate | 168 Comments

Sales down, prices up..

Posted on September 20, 2021 by grim

From Redfin: Home Sales Fell 6% in August, the First Annual Decline in 15 Months However, home prices were up 16%, and new listings posted their first year-over-year decline since February, which could signal a tightening market. The median price … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 136 Comments

Impact or not?

Posted on September 16, 2021 by grim

From the Philly Voice: U.S. housing market faces ‘shock’ from end of mortgage forbearance — but no bubble, experts say Pandemic policies have undoubtedly shaped the way the U.S. housing market has functioned throughout the health crisis, which has had … Continue reading →

Posted in Economics, Mortgages, Politics, Risky Lending | 113 Comments

Maybe some gentrification isn’t so bad?

Posted on September 6, 2021 by grim

Interesting piece from VOX: What we talk about when we talk about gentrification In his 2019 paper “Hoboken Is Burning: Yuppies, Arson, and Displacement in the Postindustrial City,” Princeton historian Dylan Gottlieb documented the violent displacement Puerto Rican residents faced … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 198 Comments

Nothing in between

Posted on September 4, 2021 by grim

From NPR: The Housing Shortage Is Significant. It’s Acute For Small, Entry-Level Homes America’s roaring real estate boom is leaving millions of would-be homebuyers out in the cold. The problem is most severe in that corner of the market that … Continue reading →

Posted in Economics, National Real Estate, New Development | 60 Comments

Pending home sales dip

Posted on August 31, 2021 by grim

From MarketWatch: Pending home sales slide for second month in a row — even though economists predicted an increase Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say … Continue reading →

Posted in Economics, National Real Estate | 54 Comments

What now for NJ unemployed?

Posted on August 25, 2021 by grim

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 218 Comments

56,000 Pending Eviction Cases

Posted on July 25, 2021 by grim

From the Star Ledger: As eviction moratorium nears end, N.J. to begin settlement conferences for renters, landlords The first mandatory settlement conferences in more than 56,000 pending landlord-tenant cases will begin next week, nearly a year-and-a-half since a statewide eviction moratoriumbegan … Continue reading →

Posted in Economics, New Jersey Real Estate | 157 Comments

Step away for a minute and the world goes to shit

Posted on March 15, 2020 by grim

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 227 Comments